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Drax Group Executes Share Buyback as Part of Capital Consolidation Strategy

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Drax Group Executes Share Buyback as Part of Capital Consolidation Strategy

Drax Group plc ( (GB:DRX) ) has provided an announcement.

Drax Group plc has executed a share buyback transaction, purchasing 400,000 of its ordinary shares at a weighted average price of 574.37 pence per share. This transaction is part of a previously announced share buyback program aimed at consolidating its share capital, which may impact shareholder voting rights and the company’s market position.

More about Drax Group plc

YTD Price Performance: -10.88%

Average Trading Volume: 1,506,685

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £2.1B

For an in-depth examination of DRX stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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